Treasuries are higher than Friday at the opening of today's session. The yield on the UST10-Year is currently at 2.832% after closing at 2.868% during the prior session.
Released today, month-over-month New Home Sales for January reflected a -7.80% change, versus estimates of 3.50% and a prior mark of -7.60% revised. New Home Sales for January reached 593k, below survey of 647k and down from its previous 643k revised. Also in today, the Chicago Fed National Activity Index for January rose to 0.12, below survey of 0.25 and down from its previous 0.14 revised. Further, the Dallas Fed Manufacturing Activity Index for February came in at 37.20, above estimates of 30.00 and up from prior mark of 33.40.
This morning St. Louis Fed's James Bullard addressed a NABE conference in Washington D.C. on monetary policy and the U.S. economy; while Fed Governor Randal Quarles is scheduled to deliver an assessment at 9:15 AM PT on the U.S. economy at the same conference in Washington D.C. Tomorrow Fed Chair Jerome Powell is scheduled to testify before the House Financial Services Committee on the Federal Reserve's semi-annual report to Congress on monetary policy and the economy.
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Released today, month-over-month New Home Sales for January reflected a -7.80% change, versus estimates of 3.50% and a prior mark of -7.60% revised. New Home Sales for January reached 593k, below survey of 647k and down from its previous 643k revised. Also in today, the Chicago Fed National Activity Index for January rose to 0.12, below survey of 0.25 and down from its previous 0.14 revised. Further, the Dallas Fed Manufacturing Activity Index for February came in at 37.20, above estimates of 30.00 and up from prior mark of 33.40.
This morning St. Louis Fed's James Bullard addressed a NABE conference in Washington D.C. on monetary policy and the U.S. economy; while Fed Governor Randal Quarles is scheduled to deliver an assessment at 9:15 AM PT on the U.S. economy at the same conference in Washington D.C. Tomorrow Fed Chair Jerome Powell is scheduled to testify before the House Financial Services Committee on the Federal Reserve's semi-annual report to Congress on monetary policy and the economy.
The curve has bull-flattened with the UST 10-Year yield down 3.6 bps from prior closing.